The 2020 Productivity and Efficiency Commission has been launched today at EEF HQ in London.
The Commission will be investigating how best to shape the UK’s economy for the future, making it fitter and more productive.
Laura Sandys MP, Chair of the Commission said: “We need to emerge from the global downturn with a new economic model that is designed to deal with the fast moving challenges of the 21st century. We cannot emerge from this downturn with an old economic model – we need to put competitiveness, productivity and resilience at the heart of our renewal.
"I am confident that the Commission will be putting forward some innovative policy proposals that will outline a modern vision for the future of the UK economy when we publish our final report in November.”
The Chancellor of the Exchequer, Rt Hon George Osborne MP, welcomed the establishment of the Commission and its objectives, saying: “We want the UK to have the fittest, most productive economy when the global recovery starts to gain pace, with the policies in place to drive up productivity, tackle waste in our economy, ensure the best use of resources and raw materials and significantly reduce energy waste.
"I look forward to hearing innovative ideas and new thinking for a fitter economy designed for the future.”
There are Parliamentarians with a wide spectrum of views on the Commission – Laura Sandys MP, David Ruffley MP, Nicola Blackwood MP, Stephen Barclay MP, Claire Perry MP and Baroness Wheatcroft.
Commenting on the launch of the commission, Terry Scuoler, Chief Executive of EEF, the manufacturers’ organisation said: “There is a growing body of evidence that suggests we can vastly improve the competitiveness of UK industry if we adopt new ways in using our resources.
"To make this a reality we now need a policy framework which dismantles the barriers to realising this vision. It is hugely encouraging that this is being seriously considered by the Productivity and Efficiency Commission to kick start thinking for the 2015 manifesto.”
